Coinbase to acquire skew crypto data analytics platform

United States’ cryptocurrency giant Coinbase has acquired institutional-grade blockchain data analytics platform skew.

Greg Tusar, vice president of institutional products at Coinbase, announced the news Friday, stating that the new acquisition will help customers make more informed trading decisions using real-time data analytics.

“We’re excited to integrate skew’s data analytics platform with Coinbase Prime, allowing our customers to track cryptocurrency spot and derivatives markets in real-time. With skew, we’ll arm professional traders with dynamic, aggregated market data, presented in a highly actionable format, all within our market leading prime brokerage,” Tusar noted.

The acquisition is part of Coinbase’s broader strategy to serve institutional clients. According to Tusar, the exchange will continue to serve skew’s institutional customers, who include One River Asset Management and Susquehanna International Group.

This story is developing and will be updated.